Swedish firm to invest in Luzon hydro plants

Swedish firm North Investors AB plans to put up hydroelectric power plants in Luzon with an aggregate capacity of 75MW. This will be made in partnership with Constellation Energy Corp.


“We are very keen and serious in investing in the Philippines and we hope to stay here longterm,” he said, said North Investors director Jan Pettersson.

Pettersson said they are now in the process of undertaking pre-development activities on the 3-5 MW Dupinga in Nueva Ecija; the 39.5-MW Alag and the 28-MW Bongabong in Mindoro. These projects already have service contracts with the Department of Energy.

Pettersson added that they plan to start the construction of the mini-hydropower plants by late 2012. An initial project study would be carried out by a joint team of experts Austria and Philippines.